Newmark is pleased to announce that the team of Bill Rolander, Jon Cordell, Jason Houze and Jessica O’Hara of the firm’s Chicago office were awarded the Greater Chicago Food Depository’s (GCFD) 2018 Office Property Representative of the Year award. The prestigious award was announced during GCFD’s 31st annual Chicago Commercial Real Estate Awards dinner, which was held on March 14th at the Hilton Chicago.
GCFD’s award for Office Property Representative of the Year recognizes the outstanding achievements of an individual, or an established team of office leasing agent(s) who negotiate office lease transactions specifically on behalf of owners/landlords of office buildings. In 2018, the Rolander/Cordell/Houze/O’Hara team completed 36 transactions totaling 875,000 square feet and representing $245,000,000 in total value. Notably, 630,000 square feet of the transactions were new deals, resulting in positive absorption to the team’s portfolio. The team’s 2018 highlights include leasing 151 N. Franklin Street (which was awarded GCFD’s 2018 Development of the Year award) to over 92 percent and finalizing a transaction with CDW to anchor the new development at 625 W. Adams.
“We are extremely honored to receive this award,” said Rolander. “Our team would like to thank the Greater Chicago Food Depository and our industry colleagues for this honor as well as congratulate all of the 2018 finalists and winners.”
Rolander, Cordell and Houze each joined Newmark in September 2016, bringing over 30 years of robust agency leasing experience and a portfolio of landmark assets with them to Newmark. Rolander and Cordell joined the firm from The John Buck Company, where they served as a principal and managing director and senior vice president, respectively. Jason Houze joined the team shortly thereafter, coming from Jones Lang LaSalle and Jessica O’Hara in early 2018 from CBRE.
This team became Newmark Chicago’s #1 and #2 producers of 2017, #2 and #4 producers of 2018 and top 100 nationally for both 2017 and 2018. They have represented Chicago landlords such as Morgan Stanley, CBRE Global, The John Buck Company, White Oak/Vanderbilt Office/USAA and LAMB/IBT in approximately $245 million dollars of lease transactions. Over the last three years, the team has leased over 3.2 million square feet valued at over $1.3 billion, and almost two million square feet of new lease transactions. The team’s portfolio currently boasts an average occupancy of over 92 percent.
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 16,000 professionals operate from approximately 430 offices on six continents. Newmark’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.
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